FARTCOIN Skyrockets to $1.33 Billion as Whale Invests $2.48M Amid Coinbase Listing Anticipation
As crypto investors superfans anticipate a potential listing on Coinbase, FARTCOIN’s valuation has skyrocketed to over $1.33 billion. Fueling this increase, a new crypto whale just invested $2.48M in FARTCOIN, swapping 14,850 SOL for 1.68M FARTCOIN. The memecoin’s price has increased by nearly 40% during the past seven days. It has now further entrenched its status as a mid-cap superstar, with a daily trading volume of $376 million.
Whale Activity and Market Impact
The crypto whale’s huge investment of $2.48 million (14,850 SOL) has completely altered FARTCOIN’s market dynamics. The whale exchanged 14,850 SOL for 1.68 million FARTCOIN underscoring the confidence that whale has on memecoin’s potential. At the time of the transaction, Solana (SOL) was selling for around $160. All of this helped Solana’s daily trading volume skyrocket by 3.2 times to hit an impressive $2.1 billion.
FARTCOIN met resistance recently around the $1.5 level, an important area for bulls and bears to pay attention to. Even so, speculation ahead of a possible Coinbase listing still fuels interest and investment in the cryptocurrency.
Solana's Performance
Solana (SOL) is trading at around $165.80 today but has showed some strength lately after it consolidated underneath $160. SOL has reclaimed the 50-day Simple Moving Average (SMA) at $160.99 with success, indicating that the path may be clear for bullish momentum. SOL’s 100-day SMA is located at $175.70, serving as a strong resistance threshold.
Solana, for its part, is now retesting a key resistance area just under $175. Any breakthrough at this level would open the floodgates for more progress.
Coinbase Listing Buzz
It’s no surprise that speculation triggered by the forthcoming listing of FARTCOIN on Coinbase is behind the recent price explosion. It’s greatly increasing trading volume. The possible listing has been the subject of much enthusiasm among cryptocurrency aficionados, bringing a wave of retail and institutional investors along with it.
The increased accessibility and legitimacy that accompanies a Coinbase listing is part of what continues to drive FARTCOIN’s surge as well. Market analysts have their eyes glued to the ground, expecting more price shifts to be made as the possible listing date comes closer.
Rohit Nair
Whale Activity & Governance Editor
Rohit Nair is an experienced editor specializing in whale tracking and governance analysis in blockchain, recognized for his evidence-based commentary and rigorous editing standards. He is known for his composed, strategic outlook and methodical reporting. Rohit is an avid trekker and enjoys classic Indian literature.
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